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SOLD
Viva Energy Australia, 142 Sandy Bay Road, SANDY BAY, TAS, 7005
Tenanted Investment
DETAILS
Hobart Viva Energy Freehold Investment
  • Rare Triple Net Lease to Viva Energy
  • Tenant pays outgoings incl Land Tax
  • Annual compounding 3% rent increases

+ Secure 11 year triple net lease to 2027 plus seven further 10 year options to 2097.

+ Viva Energy Group Limited (ASX: VEA), a blue-chip $3.4 billion ASX-listed company and Shell’s Australian licensee with over 1,300 retail fuel sites across Australia**.

+ Viva Energy controls 24% of Australia’s retail fuel market, with sales volume up 28% since June 2020**..

+ Rare, landlord-favourable, triple net lease terms with tenant responsible for rates, building insurance, public liability insurance and land tax.

+ Tenant also responsible for all structural maintenance, repairs and replacement, (including fuel tanks and equipment).

+ Guaranteed rental growth with annual fixed 3% rent increases.

+ High-profile 835sqm corner site with 81 metres combined frontage and exposure.

+Important homebound side position at the start of Sandy Bay’s retail hub, anchored by various high-profile tenants including Woolworths, Coles, CBA, Country Road, McDonald’s and Australia Post all within 500 metres.

+ Within 1km of the University of Tasmania, home to over 24,500 domestic students – enrolments up 14% from FY2020.

+ Sandy Bay: Located just 1.4km from Hobart CBD, Sandy Bay is one of Hobart’s most prestigious residential areas containing some of Tasmania’s most expensive real estate – median house price of $1.1m.18% growth in housing prices in the past 12 months.****

+ Tasmania: Leading the nation in key economic drivers, #1 in CommSec State of the State report*****

+ Strategic essential service investment.

+ Net Rent: $179,797 pa (as at August 2021)

To be sold by Investment Portfolio Auction:

10:30am AEST

Tuesday 10th August 2021

Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.

2 other Viva Energy freehold investments also available.

Contact sales team for more details.

**Viva Energy

***Gap maps

**** Realestate

***** www.commsec.com.au/stateofstates

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Remember to mention you found this property on CommercialReady.com.au

PROPERTY SUMMARY
Auction:
Price on Request
AUCTION DATE:
10 Aug 2021 10:30AM
FLOOR AREA:
126 m² (*approx)
Land Size:
835 m² (*approx)
Type:
Retail, Other, Land,
Tenanted Investment:
Hobart Viva Energy Freehold Investment
LOCATION
Property Map
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SOLD PROPERTIES IN THE AREA
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